Valid Contract

Define law of contract. Discuss the elements required forming a Valid Contract.

by
Law of Contract and Essentials of a Valid Contract

LAW OF CONTRACT A contract is defined as a legally binding agreement between a minimum of two parties to perform or refrain from performing certain actions. As articulated by A.J. Salmond: “A contract is an agreement that establishes and delineates obligations between two or more parties.” ESSENTIAL ELEMENTS OF A ENFORCEABLE AND VALID CONTRACT A … Read more

Contract Law

by
Contract Law

Background of Nepali Contract Law Definition of Contract Features Essential Elements of Valid Contract An agreement becomes enforceable by law when all the essential elements of a valid contract are present. Thus, absence of any of the above said elements is adequate to make the contract invalid. Plurality of Parties There must be at least … Read more